08RS HB481
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HB481

08RS

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 481/FN (BR 520) - S. Overly, D. Graham

     AN ACT relating to bonds for performance and payment.
     Amend KRS 45A.190 to raise minimum construction contract amount requiring performance and payment bonds from $40,000 to $100,000; similarly increase amounts triggering evaluation of whether to require a performance bond for goods and services contracts over $100,000 and construction contracts less than $100,000.

HB 481 - AMENDMENTS


     HFA (1, S. Brinkman) - Delete all language in the bill and insert the following provision: require the staff of the Legislative Research Commission (LRC) to study the state of small, emerging, and minority contractors in the state; require the study to include recommendations regarding the bonding requirements of the Commonwealth contained in KRS Chapter 45A; require a report to the LRC no later than December 1, 2008; authorize the LRC to alternatively assign the study to an interim joint committee or subcommittee thereof, and to designate a study completion date.

     HFA (2/Title, S. Brinkman) - Make title amendment.

     Feb 7-introduced in House
     Feb 11-to Appropriations & Revenue (H)
     Feb 14-posted in committee
     Feb 19-reported favorably, 1st reading, to Calendar
     Feb 20-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 21, 2008
     Mar 6-floor amendments (1) and (2-title) filed


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